American Eagle’s CEO notes a psychological shift with Gen Z shoppers—and it’s fueled by economic anxiety

Quick Summary:

U.S.shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously.

Retail sales rose just 0.2% in February, a small rebound after a sharp drop of 1.2% in January, the Commerce Department said Monday.

Airline executives at JP Morgan's airline industry conference last week said bookings have fallen.“There was something going on with economic sentiment, something going on with consumer confidence," said Delta CEO Ed Bastian at the industry conference.

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Article Details

Author / Journalist: The Associated Press, Christopher Rugaber, Anne D'Innocenzio

Category: EconomyBusiness

Markets: United States

Topics: Tariffs and trade Investing Economy Shopping Retail U.S. retail sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 15:08:32 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 781 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 196 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27088423

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

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Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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